Botim Money, the financial services arm of Botim that serves millions of users in the UAE and beyond, has signed a Memorandum of Understanding (MoU) with Binance, the world’s largest blockchain ecosystem and crypto exchange. The goal is to explore ways to bring digital asset access to Botim’s customers.
This partnership supports Botim’s transformation from a communication-focused app into a unified fintech platform where users can pay, transfer and invest within one ecosystem. The MoU was signed at Binance Blockchain Week in Dubai marking an important step in bringing cryptocurrency closer to everyday financial services in the region.
Under the MoU, the two companies are looking at how they can combine Binance’s experience in digital assets with Botim’s growing fintech services to create useful solutions for people in the UAE. Their discussions are focused on finding safe and compliant ways for users to access and use digital assets.
The agreement comes at a time when interest in digital assets is rising around the world, especially in the Middle East, where strong regulations support responsible innovation. Both companies want to understand how these services can fit within the UAE’s rules and help more people participate in the digital economy.
Botim Money already supports many underserved and unbanked users who have limited access to traditional banking. Through this partnership, both sides will explore how to give these communities simple, secure, and regulated access to digital assets.
Catherine Chen, Head of VIP & Institutional at Binance, commented, “Crypto is no longer a niche asset class and it is increasingly becoming integrated into everyday financial services. Our collaboration with botim money to make digital assets accessible to botim’s tech-savvy customers exemplifies this shift. The UAE is taking exciting steps to connect traditional finance with digital assets, and we are pleased to keep supporting the local community and ecosystem.”
Sacha Haider, Chief Strategy Officer of Astra Tech | botim, commented, “Our international and national P2P rails support large and growing transaction flows every day, showing how deeply integrated botim money has become in people’s financial lives. Unlocking crypto capabilities with Binance allows us to build on this foundation and offer customers new ways to engage with the digital economy. Our focus remains on giving people simple and secure tools to manage and grow their money.”
Botim Money, previously known as PayBy, is part of Astra Tech’s ecosystem and provides the financial services behind Botim — the MENA region’s fastest-growing, AI-powered, and fintech-focused platform. Botim started as the UAE’s first free internet calling (VoIP) app, and over time it has expanded into a multi-layered platform that now serves more than 157 million users in 155 countries.
Binance is a leading global blockchain ecosystem and operates the world’s largest cryptocurrency exchange by trading volume and number of registered users. More than 290 million people across 100+ countries trust Binance for its strong security, transparency, fast trading engine, investor protections, and its wide range of digital asset products — including trading, finance tools, education, research, payments, and institutional services.
Binance is committed to building an inclusive crypto ecosystem that gives people around the world better financial access and freedom. Its goal is to make cryptocurrency a simple and essential tool for everyone supporting everything from everyday payments to Web3 innovation and social impact initiatives.
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